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Singapore Output Contracts In March But Underlying Momentum May Pick Up

By

Gaurav Raghuvanshi

Updated April 26, 2012 2:52 a.m. ET

Singapore's industrial production contracts at pace less pronounced than economists projected Government may revise GDP estimates, an economist says Electronics output to improve in second quarter on favorable base and rising demand, economist says

SINGAPORE (Dow Jones)--Singapore's manufacturing output slipped into contractionary territory in March, though at a rate less severe than economists had expected as domestic economic activity remained resilient, offering another indication that the global recovery is gaining traction.